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Waterfront Mixed letting in Biggera Water/brilliant business !!
$1.374M MR&$840k Unit = Total $2.214M
Resort / Holiday Management Rights, BIGGERA WATERS QLD
Come and check out this mixed letting complex in Biggera Waters. All the hard work has been done. Fully renovated Managers 3 bedroom 2 bathroom apartment with front and back Balconies. No office hours on agreement and close to the Broadwater. A massive 32 in the letting pool (with 25 Holiday and 7 permanent).
* MIXED LETTING
* BIG BC SALARY
* 21 YEARS LEFT AGREEMENT (JUST GOT TOP UP)
* FULLY RENOVATED 3 BEDROOM MANAGERS RESIDENCE
* NO OFFICE HOURS ON AGREEMENT
* REPEAT GUESTS
* Office on title
* Complex has Two Pools and access to a Marina
* Mid Size Tennis court
* All balconies facing the lovely open grounds and pools and the Mariner
Come and inspect this property now and reap the benefits of the hard work that has been done.
Call Kerrie Lush 93 for all the information
More Information
- Total Purchase Price: $1.374M MR&$840k Unit = Total $2.214M
- Net Income: $ 306,714
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 840,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?